Manager, CMHC Annual Review

About the role

EQ Bank is looking for a Manager, CMHC Annual Review to join its Commercial Credit team in Toronto. Reporting to the Senior Manager, CMHC Portfolio Management, the incumbent leads a team of credit professionals in managing the CMHC Annual Reviews. The role involves overseeing procedures, reviewing and approving files within delegated limits, supporting external partners and managing a team of analysts.

Key responsibilities

• Establish and oversee procedures so that CMHC annual reviews are thoroughly assessed and within the bank's risk appetite, Commercial Credit Policy and the General Investment and Lending Policy.
• Review and approve CMHC Annual Reviews within delegated limits and adjudicate the risk rating for each file.
• Guide external partners in gathering the required Annual Review documents and information, and maintain productive relationships with them.
• Manage the completion of all CMHC Annual Reviews each year, assigning files to staff and following up on timely processing.
• Ensure strategies are in place to deal with problem loans and minimize the risk of loss.
• Oversee timely reporting to support senior management and regulatory requirements.
• Help recruit and hire new staff, train them on the RAISE system and the Annual Review process, and support their professional growth through development plans.
• Manage a team of credit professionals, including analysts and senior analysts, and coach them to meet departmental targets.

Required profile

• Minimum 7 years of experience underwriting commercial real estate transactions, including CMHC-insured multi-unit commercial mortgages.
• Post-secondary education (diploma or degree), preferably in business or finance.
• Bilingualism is an asset.
• Strong leadership, coaching and organizational skills, with the ability to handle multiple priorities and make decisions under pressure.
• Ability to analyze complex deal structures with incomplete information and to recommend risk mitigation actions to the Compliance Officer or Compliance Department.

Required skills

• Working knowledge of AML/ATF regulations and corporate/legal documentation for commercial real estate across Canada.
• Sound technical knowledge of commercial lending, financial statement analysis and commercial mortgage underwriting.
• Proficiency in MS Office.

Hybrid work is expected, with 1-5 days in the office depending on the level and seniority of the role.